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200000292 PURCHASE MONEY MORTGAGE THIS INDENTURE WITNESS THAT The Nature Conservancy of , Nebraska, Inc., a non-profit corporation organized and existing under the laws of the State of Nebraska (the mortgagor), hereby mortgages and warrants to Robert E. Derr and Norma J. Derr (the mortgagee), that real property, and any improvements thereon, located in Hall County, Nebraska, described as follows: Lots One (1), Two (2), Three (3), Five (5) and Six (6) on Mainland and the Southeast Quarter (SEl/4) of Section Twenty (20), in Township Nine (9) North, Range Eleven (11) West of the 6`h P.M., Hall County, Nebraska, excepting certain tracts more particularly described in Deed recorded in Book 132, Page 127; Deed recorded in Book 135, Page 477; Warranty Deed recorded as Document No. 96-101427 and All of Derr Subdivision, Plat recorded as Document No. 98-111125. This mortgage is given to secure the performance of the provisions herein and the payment of a promissory note dated January_, 2000 in the principal amount of four hundred eighty-five thousand dollars ($485,000), with interest on the unpaid balance at the rate of seven percent (7%) per annum, payable to the order of the mortgagee at P.O. Box 1469, Lake Havasu City, AZ 86405, with a final maturity date of January_, 2002. AND THE MORTGAGOR, for itself, its successors and assigns, covenants and agrees with the mortgagee to pay the principal sum of money and interest as set out in the note identified above; to pay all taxes and assessments now due or that hereafter become due against the property covered by this mortgage before any penalty attaches thereto; to keep the property in good condition and repair; to maintain full value fire and property damage insurance on any buildings or structures on the property; to commit or permit no waste on the property; to pay, when due, the principal and interest on all prior liens or encumbrances, if any, and to keep the property free and clear of all other liens or encumbrances, including mechanics' or materialmen's liens; and to pay any expenses, including attorney's fees, incurred by the mortgagee, by reason of litigation with any third party for the protection of the lien of this mortgage. In case of failure to pay taxes and assessments, insurance premiums, encumbrances or liens or any other payments as set forth above, the mortgagee may pay these amounts and the amounts paid shall become a part of the indebtedness secured by this mortgage and shall bear interest at the rate of seven per cent (7°Io) per annum from the date(s) of payment by the mortgagee. These amounts shall be immediately due and payable by the mortgagor to the mortgagee L:\DR\den-mort.doc